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What Is Growth Value Yield (GVY) Model Stock List?

Our retail research team has created 3 stock lists, namely Growth, Value and Yield.

Some description The Growth List comprises of small-mid capitalisation companies with business catalysts which will potentially grow their earnings in the near future.  The Growth portfolio would be suitable for investors looking for higher returns and are willing to tolerate the risk of higher short-term volatility of stock prices.
Some description The Value List focuses on companies which are undervalued based on their share prices as compared to the company fundamentals. It  would be suitable for conservative investors who prefer price stability and have a longer investment horizon.
Some description The Yield List comprises of stocks that provide consistent dividend pay-out. It would be suitable for investors whose primary focus is to gain regular dividend income from their investments.

 

September Market Overview

It was a tale of two halves in the month of Sep. In the first two weeks, Singapore stocks were thumped by escalating US-China trade row and currency turmoil in emerging markets.

But sentiment turned around in the third week as bargain hunting emerged and investors started looking beyond the trade salvoes even as China called off trade talks and the STI ended 1.4% higher than in Aug.

Among the STI component stocks, gainers beat losers by 2-to-1, with some high beta stocks,
Sembcorp Industries (+11.9%), Yangzijiang (+11.6%) as well as dividend counters StarHub (+8.8%), ComfortDelGro (+7.1%) and ST Engineering (+6.7%) leading the way. Top on the losing side were Golden Agri (-9.5%), Hongkong Land (-4.3%) and Ascendas REIT (-3.7%).

Ytd, the STI has retreated 4.3% (Aug: -5.6%) giving a total return of -1.0% (Aug: -2.5%), inclusive of dividends. On an equal weighted basis, the average loss of STI constituents was 5.2% (Jun: -7.0%), with 60% of 30 stocks still in the red.

Against this backdrop, Market Insight’s Growth, Value, Yield (GVY) basket of stocks recovered 0.4ppt in Sep to yield an average
ytd loss of -0.9%, outperforming the STI by 4.3ppt.

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Growth List +1.1% YTD   

Some description

Average total return of the Growth portfolio was eroded by persistent weakness in tech counters, Venture Corp and Valuetronics over the uncertain demand outlook for some of their products, and APAC Realty due to slower private home transactions post property cooling meaures in early July.

The portfolio return was also dented by a continued slide in China
Sunsine after management flagged that its selling prices may have peaked and worries that US tariffs could dampen demand for its rubber chemicals.

This allowed
iFAST to overtake it as the top performer within the Growth portfolio.

 

Value List -1.2% YTD

Some description

The Value portfolio chalked an all-round improvement in of its existing holdings although overall performance was still dragged by earlier losses in divested stocks.

We added
GentingS’pore to the Value basket as the stocks has corrected 25% from its recent high to crisis level valuation, which is unwarranted.

 

Yield List -3.9% YTD

Some description

The Yield portfolio notched a 0.7ppt gain last month as a sharp positive reversal in StarHub was partially offset by softer performances in the other constituents within the basket.

 

 

 

Note: * Including dividends
         ** Priced in USD

Disclaimer

This document is not research material and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. This document does not necessarily represent the views of every function within Maybank Kim Eng Securities.

This document is being distributed for general information only and it does not constitute an offer, recommendation or solicitation to enter into any transaction or adopt any hedging, trading or investment strategy, in relation to any securities or other financial instruments. This document is for general evaluation only, it does not take into account the specific investment objectives, financial situation or particular needs of any particular person or class of persons and it has not been prepared for any particular person or class of persons.

Opinions, projections and estimates are solely those of Maybank Kim Eng Securities at the date of this document and subject to change without notice. Past performance is not indicative of future results and no representation or warranty is made regarding future performance. Any forecast contained herein as to likely future movements in rates or prices or likely future events or occurrences constitutes an opinion only and is not indicative of actual future movements in rates or prices or actual future events or occurrences (as the case may be).

Maybank Kim Eng Securities makes no representation or warranty of any kind, express, implied or statutory regarding, but not limited to, the accuracy of this document or the completeness of any information contained or referred to in this document. This document is distributed on the express understanding that, whilst the information in it is believed to be reliable, it has not been independently verified by us. Maybank Kim Eng Securities accepts no liability and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this document, howsoever arising, and including any loss, damage or expense arising from, but not limited to, any defect, error, imperfection, fault, mistake or inaccuracy with this document, its contents or associated services, or due to any unavailability of the document or any part thereof or any contents.

Maybank Kim Eng Securities, and/or a connected company, may at any time, to the extent permitted by applicable law and/or regulation, be long or short any securities, currencies or financial instruments referred to on this document or have a material interest in any such securities or related investment, or may be the only market maker in relation to such investments, or provide, or have provided advice, investment banking or other services, to issuers of such investments. Accordingly, Maybank Kim Eng Securities, its affiliates and/or subsidiaries may have a conflict of interest that could affect the objectivity of this document. This document must not be forwarded or otherwise made available to any other person without the express written consent of Maybank Kim Eng Securities.

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On iPhone and Android

Step 1: Log in to KE Trade Mobile

Step 2: Select "Market Insight"

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Step 3: Choose from four markets and search for your stock 

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On iPad

Step 1: Log in to KE Trade Mobile 

Step 2: Go to "Market Insight"

 

On Web Browser

Step 1: Log in to www.ketrade.com.sg on your web browser

Step 2: Go to your Watchlists, 4Site and QuickTrade pages

Step 3: Right click the stock you wish to find out more about and select "Market Insight"

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Market Insight on KE Trade iPad App

Benefits

Get the latest research insights on your iPad with Market Insight! Now you can not only trade on the move, but also stay updated on the move.

 

1. In-depth regional and local coverage 

  • Read reports on companies, sectors, economics and strategies.
  • View research call consensus charts and find out about Maybank Kim Eng's buy-sell-hold calls.
  • 11 markets are covered - Singapore, Hong Kong, Malaysia, Philippines, Thailand, Indonesia, Korea, Vietnam, India, United States and Taiwan.
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2. Model portfolio 

  • Get trading ideas by viewing model portfolios formed using characteristics like growth, yield and value.
  • Find out the latest news and market talk on a particular counter by clicking it in the model portfolio.
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3. Customisable content

  • Bookmark only the research coverage that you need under "My Picks".
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Accessing Market Insight on iPad

 Step 1: Download KE Trade for iPad or search "Maybank KE Trade SG" in the iTunes App store using your iPad

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Step 2: Open the app and sign in with your Username and Password

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Step 3: Click on the "Market Insight" tab

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